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America Quote by Angus Deaton

“Globalization obviously has the potential to be good. That doesn't mean it's good for everybody. There's a very large number of people in India and China who benefited directly from globalization, but it doesn't mean everybody in America benefits from globalization.” quote by Angus Deaton
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“Globalization obviously has the potential to be good. That doesn't mean it's good for everybody. There's a very large number of people in India and China who benefited directly from globalization, but it doesn't mean everybody in America benefits from globalization.”

Angus Deaton

About This Quote

Source Speech: Interview on globalization, 2015

Globalization can create wealth but its benefits are unevenly distributed across nations and populations.

In simple terms: Globalization helps some, not all.

Key Takeaway

Consider policies that share gains more broadly.

Themes

economics inequality globalization

Mood

concerned analytical

Type

policy economic

When to use this quote

  • policy making
  • business strategy
  • social advocacy
  • education programs
  • community development

Key Concepts

development distributional effects trade policy

Questions to Reflect On

  • How can societies ensure fairer outcomes?
  • What safety nets are needed?
A Different Perspective

Benefits may be offset by job loss and cultural disruption.

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